Editorial: 60th issue of the Journal of Economics, Finance and Administrative Science

Abstract

Welcome to the 60th issue of the Journal of Economics, Finance and Administrative Science (JEFAS). This issue showcases groundbreaking research across finance and economics. Every paper has passed our rigorous double-blind peer review, guaranteeing academic excellence while delivering actionable insights for practitioners and policymakers.

In their article, Osorio-Barreto et al. (2025) investigate the factors influencing inflation expectations in Colombia using a vector autoregression model with exogenous variables and quarterly data from 2005 to 2022. The key findings reveal that inflation expectations exhibit significant inertia and respond positively to real exchange rate shocks, indicating a pass-through effect. While a short-term positive response to interest rate hikes was observed – attributed to monetary policy transmission lags and potential imperfect knowledge among economic agents – robustness tests using a vector error correction model confirmed that higher interest rates negatively affect inflation expectations in the long run. The research contributes to the literature by incorporating novel exogenous supply shocks, such as social protests and global supply chain pressures, highlighting the importance of these factors and the need for more high-frequency, household-level data to better understand expectation formation in emerging economies.